Counterfactual Models: A Key Tool In Energy Price Disputes

By Kivanç Kirgiz, Manuel Vasconcelos and Roy Shanker (August 17, 2023, 4:06 PM EDT) -- The use of factual/counterfactual comparisons — that is, estimating the difference between what actually happened and what would have happened, absent an event — is a fundamental tool in the economists' work box in the context of contractual or regulatory disputes.[1]...

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